US stock futures edged lower on Tuesday as investors awaited earnings results from major firms, including Johnson & Johnson, Bank of America, Citigroup, Interactive Brokers, and PNC Financial.
The upcoming reports are expected to provide insights into how new tariffs are impacting corporate outlooks, with many companies likely to highlight increased uncertainty in their guidance.
In Monday’s regular session, the Dow gained 0.78%, the S&P 500 rose 0.79%, and the Nasdaq Composite advanced 0.64%.
Ten of the 11 S&P 500 sectors closed higher, with real estate, utilities, and consumer staples leading the gains.
The market’s upbeat tone on Monday followed the Trump administration’s announcement of exemptions for certain electronics, including smartphones, computers, and semiconductors, from the newly imposed reciprocal tariffs.
However, President Trump later clarified that these products remain “subject to the existing 20% Fentanyl Tariffs,” adding a layer of ambiguity to the policy outlook.
